2024 Senate Bill 983 / Public Act 175

Businesses: limited liability companies; definition of business organization; modify.

An act to amend 1993 PA 23, entitled “An act to provide for the organization and regulation of limited liability companies; to prescribe their duties, rights, powers, immunities, and liabilities; to prescribe the powers and duties of certain state departments and agencies; and to provide for penalties and remedies,” by amending section 705a (MCL 450.4705a), as amended by 2014 PA 559.

Introduced in the Senate

Aug. 15, 2024

Introduced by Sens. Dan Lauwers (R-25) and Sam Singh (D-28)

Referred to the Committee on Regulatory Affairs

Oct. 23, 2024

Reported without amendment

Oct. 24, 2024

Referred to the Committee of the Whole

Oct. 30, 2024

Reported without amendment

Passed in the Senate 37 to 0 (details)

Received in the House

Nov. 7, 2024

Referred to the Committee on Regulatory Reform

Nov. 12, 2024

Referred to the Committee on Government Operations

Nov. 13, 2024

Reported without amendment

Dec. 4, 2024

Passed in the House 104 to 1 (details)

Motion to give immediate effect by Rep. Abraham Aiyash (D-9)

The motion prevailed by voice vote

Received in the Senate

Dec. 10, 2024

Motion to give immediate effect by Sen. Sam Singh (D-28)

The motion prevailed by voice vote

Signed by Gov. Gretchen Whitmer

Dec. 23, 2024